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How globalisation has affected India and UAE???

The race to attract investment from abroad is equally important for al the Emirates. However, the major problem facing theseEmirates is the strict federal requirement for the foreign firms of forming necessary joint venture with local partners wherein the local partner must at least have a share of 51% of the venture. To remove this obstacle to foreign direct investment and lower the negative image of this requirement, certain free zones have been set up. These free zones allow opportunity to the foreign investors to have 100% ownership of the entire venture or investment. By 2002, UAE had developed about 11 different free zones. Besides offering 100% ownership of the project, these zones also offered 100% tax-free and investment opportunities to the foreign investors. The result was that UAE became one of the most attractive investment point and, consequently, a fast developing country

UAE

Globalization has affected the UAE economy positively because it has increased foreign investments, has encouraged domestic investments, and has promoted free trade between UAE and other countries.

India

India has felt the impact of globalization through increased prosperity, partly triggered by increasing trade volumes, investment, and growth. ... Our hypothesis is that trade liberalization has not directly or substantially affected carbon dioxide (CO2) emissions.

Explanation:

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